Tondgooyan Petrochemical one month overhaul from 22th November
probability of pet grade shortage in Iran market
Petrotahlil-Pet price bottle grade was proposed about 176,000 IRR in current week by dealers.
*According to Petrotahlil, meanwhile pet bottle grade by decreasing of 3,000 IRR, global market affected, reached to 103,650 IRR. Exchange rate in petrochemical products base price was about 84,420 IRR. that way pet bottle grade is still one of the most absorbing production in Iran polymer market for trading despite falling price affected by weather conditions. while pet bottle grade price difference reaches to 50,000 IRR/kg that mercantile exchange(IME) dealer still earn significant profits by purchasing it and sell in Iran open market. meanwhile in current week IME deals, pet bottle grade faced with buyers race after 1600 tons release and bought for final rate of 11,1680 IRR. How ever Tondgooyan which is the only manufacturer of pet bottle grade and textile enters to overhaul phase for one month from November 22th.
Noori Petrochemical, supplier of Tondgooyan Petrochemical feed enters overhaul phase for 4 months.due to a month Tondgooyan overhaul and supply decrease in IME , also import deficiency of bottle grade to Iran recently may encounter pet market with shortage in December. in the other hand most of importers are not able to import petrochemicals to Iran because of sanctions. however, these days entry ban for raw materials by traders in Iran market approved by council of ministers. on the other hand Tondgooyan is still face with bans for pet bottle grade export. also in Asian markets due to the beginning of cold season, pet bottle grade price failed,somehow it's price reached to less than 1,200 USD/ton.
Terephthalate polyethylenes downward in Asian markets since then beginning of September. of course in Iran market pet bottle grade is expected to decrease consumption about 10-15 percent, but despite the depreciation of the Rial against the dollar and also raising dollar rate up to 132,000 IRR in Iran market, this item has impressive rate growth recently.
